'The university degree is dead'

The Money Show’s Bruce Whitfield interviewed Dion Chang, founder of Flux Trends.

Chang argued that the university degree is dead.

He gave the following five reasons for saying so:

  • In terms of scarcity; degrees have become more common, therefore less valuable in economic terms.

  • Degrees cost more today, but are worth less. The debt repayments versus future income simply don’t add up.

  • Modern businesses don’t consider degrees essential anymore (last year accountancy firm EY announced in London that it will no longer consider degree or A-level results when assessing potential employees).

  • The new HR mantra of “hire for attitude and retrain for skills” (this puts into question the link between tertiary education and what the changing job market requires).

  • The growing divide between “legacy companies” and new, agile “responsive companies”. Legacy HR models tend to value “managers” – people with graduate degrees from prestigious business schools. In a “responsive company” the emphasis on people is all about making and learning. "Makers” are people who have skills - as opposed to credentials. They think by doing: experimenting, testing, and learning.

Listen to the interview below for more detail.

Click here (then“like” the page) to follow Bruce on Facebook.

Enter your email address in the form below to receive a newsletter containing the most-read articles of the week from Bruce Whitfield’s The Money Show every Friday morning in your inbox.

Subscribe to our Business Wrap Newsletter

Article brought to us by Old Mutual.


Read More
Sibanye-Stillwater to buy Lonmin

Sibanye-Stillwater to buy Lonmin

The Money Show’s Bruce Whitfield interviews Sibanye-Stillwater Chief Executive Officer Neal Froneman.

Fund manager lays criminal charges against former Steinhoff CEO Markus Jooste

Fund manager lays criminal charges against former Steinhoff CEO Markus Jooste

The Money Show’s Bruce Whitfield interviews Benguela Global Fund Managers Chief Investment Officer Zwelakhe Mnguni.

Standard Bank SA appoints former Treasury DG Lungisa Fuzile as its new CEO

Standard Bank SA appoints former Treasury DG Lungisa Fuzile as its new CEO

South Africa’s loss is Standard Bank’s gain. The Money Show’s Bruce Whitfield interviews Standard Bank Group CEO Sim Tshabalala.

Trends that’ll dominate the business environment in 2018

Trends that’ll dominate the business environment in 2018

It’s time to start thinking about how to keep your business relevant next year, says small business guru Pavlo Phitidis.

What you must learn from the Steinhoff and EOH share price collapses

What you must learn from the Steinhoff and EOH share price collapses

The Money Show’s Bruce Whitfield interviews Galileo Capital Personal Financial Advisor Warren Ingram.

Dion Chang can spot a trend a mile away (and made doing so his business)

Dion Chang can spot a trend a mile away (and made doing so his business)

Meet fashion icon Dion Chang, one of South Africa’s most celebrated trend analysts, and learn where our brave new world is headed.

Popular articles
'This puts pressure on Jacob Zuma to vacate office earlier'

'This puts pressure on Jacob Zuma to vacate office earlier'

The Money Show’s Bruce Whitfield interviews Daniel Silke, Political Economy Analyst at Political Futures Consultancy.

Judge Mlambo: Zuma's application amounts to abuse of judicial process

Judge Mlambo: Zuma's application amounts to abuse of judicial process

EWN Barry Bateman explains the High Court proceeding on President Zuma's application to set aside parts of Madonsela's report.

It's chicken for Joburgers and Durbanites, but what do Capetonians feast on?

It's chicken for Joburgers and Durbanites, but what do Capetonians feast on?

Stephen Grootes spoke to founder and CEO of OrderIn to find out more about South African's eating habits.

Predictably awesome new Nando's ad reminds South Africans ‘we can fix our sh$t’

Predictably awesome new Nando's ad reminds South Africans ‘we can fix our sh$t’

Watch the Guptas pack their bags and run in Nando's inspiring new advertisement.

PSG Chair Jannie Mouton opens up (kind of) about Steinhoff

PSG Chair Jannie Mouton opens up (kind of) about Steinhoff

In 2012 Steinhoff acquired 20% of wealth manager PSG, reportedly infuriating Mouton. Bruce Whitfield interviews him.

[LISTEN] Caller challenges Eusebius on land disposition

[LISTEN] Caller challenges Eusebius on land disposition

‘I need you to provide me with an answer' - John from Edenvale, Gauteng